Question: Construct a straddle purchase (i.e. long straddle) using the 170 strike options. Hold it until the options expire. Determine the profits if the stock price

Construct a straddle purchase (i.e. long straddle) using the 170 strike options. Hold it until the options expire. Determine the profits if the stock price at expiration is $175. The options on GE stock are trading at the following prices: Strike: $170 Call: $3.25 Put: $7.50

-$575

-$849

-$985

-$1157

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